Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
Trade deficit falls by 10.3 pct in June
CPI falls by 1.8 pct YoY in July
Industrial production down by 4.9 pct YoY in May but picks up from previous month
Unemployment rate jumps to 17 pct in May
General govt primary cash deficit at 5.48 bln in June as tax revenues fall
Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation
The agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report.
However, the PBO stresses that the economic situation in Q1 is disappointing in comparison with expectations.
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